International Distributor finds new Owner for Manufacturing Facility in California
Specialty chemicals and food ingredients distributor IMCD N.V. (Rotterdam, The Netherlands) has announced that it has reached an agreement to sell its Nutri Granulations manufacturing asset and associated business to Huber Engineered Materials [“HEM”] (Atlanta, GA – United States), a division of J.M. Huber Corporation [“Huber”] for an undisclosed sum.
The manufacturing facility is located in La Mirada, CA and has 22 employees. Nutri Granulations manufactures both, food grade and USP grade Calcium Carbonate granulations for the Nutraceuticals, Food, Over-the-Counter, and Pharmaceuticals markets. It was taken over by IMCD as part of the acquisition of U.S. west coast distributor E.T. Horn in 2018.
Closing of the transaction is planned for the end of March 2021, the announcement said.
Source: IMCD press release
HGE – DCG / 10.03.2021